MOMAN Cautions over Partial Return to Subsidy Major Oil Marketers Association of Nigeria (MOMAN) has pleaded caution on the part of the federal government not to return subsidy on petroleum products. This move to partially return subsidy by the government is said to be understandable given the need to curb rising cost of Premium Motor…
Nigeria Needs $25bn Annually to Achieve 4mb/d Oil Output, 3bcf/d Domestic Gas Production – Avuru …Says Nigeria needs to reconstruct its energy transition agenda. …Prioritize energy security, and optimize the value of its oil and gas resources. Austin Avuru, Executive Chairman of AA Holdings, has stated that Nigeria will need about $25 billion of annual…
NUPRC Introduces Advanced Cargo Declaration to Tackle Oil Theft …As it plans to reactivate dormant oil wells to boost production As part of efforts to curb incessant oil theft in the country, the Nigerian Upstream Regulatory Commission (NUPRC) has introduced Advanced Cargo Declaration regime in upstream petroleum operations to arrest oil robbery and curtail export…
NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION (NUPRC) ENGR. GBENGA KOMOLAFE FNSE “POST PIA: REGULATION AND EVALUATING SECTORAL IMPACT SO FAR” I am delighted and honoured to deliver this Special Industry Address to an esteem audience of media practitioners, industry professionals and critical stakeholders in the Nigerian Oil and Gas industry, at this year’s edition of the…
TotalEnergies Surpasses 1,000 High-Power Chargers in France During the inauguration of TotalEnergies’ fifth 100% electric service station in France (Relais Garibaldi in Lyon), Chairman and Chief Executive Officer Patrick Pouyanné announced that the Company has now installed and operates more than 1,000 high-power chargers (HPC) for electrical vehicles nationwide. This significant milestone in electric mobility…
S/Africa’s Virtual Renewable Electricity Transfer Model to Go Live 2024 South Africa’s first virtual electricity transfer model is likely to go live by end of next year, a top government official said on Friday, a move that could rapidly ramp up renewable power consumption and reduce the burden on ailing state utility Eskom. Eskom’s ageing…
Shell Anticipates Gas Trading Surge in Q4 Shell expects its third-quarter earnings to receive a boost from stronger trading results in its natural gas and chemicals and products divisions compared to the second quarter, the UK-based supermajor said on Friday in an update on the expected Q3 results. Trading helped Shell and other majors active…
Germany Considers Extending Energy Price Caps through March 2024 Germany is considering extending the price caps on gas and electricity prices until the end of the coming winter in March 2024, Reuters reported on Friday, quoting an unnamed source. Last year, Germany introduced a package of 200 billion euros for a so-called “defensive shield” to…
Trans Mountain Pipeline Capacity Set to Triple Line fill is set to commence some time in the next quarter, with the process expected to take between six and seven weeks, Trans Mountain said on Friday. Line fill will require 4.5 million barrels of crude oil and is the last step before crude deliveries from the…
Nweke: Online Publishers Need Web Strategy to Grow The Group Executive Editor (GEE) of ITREALMS Media group, Mr. Remmy Nweke has tasked online publishers in Nigeria, to have operational web analytical strategy to grow their businesses. Speaking at the pre-conference business session of the 2023 annual conference of the Guild of Corporate Online Publishers (GOCOP)…